§ 19-12-203. Applicability of Tobacco Settlement Proceeds Act
The Tobacco Settlement Proceeds Act, § 19-12-101 et seq., is fully applicable to this subchapter and any Tobacco Settlement Revenue Bonds issued under this subchapter.
§ 19-12-204. Arkansas Cancer Research Center designated as capital improvement project
As authorized by § 19-12-106(b)(4), the Arkansas Cancer Research Center of the University of Arkansas for Medical Sciences is designated as a capital improvement project relating to healthcare services, health education, or health-related research.
§ 19-12-205. Additional Tobacco Settlement Revenue Bonds authorized
Additional Tobacco Settlement Revenue Bonds may be issued in connection with the capital improvement project described in § 19-12-204 under the following conditions: (1) No more than five million dollars ($5,000,000) of the annual transfer to the Tobacco Settlement Debt Service Fund shall be allocated in any one (1) year to pay debt service requirements […]
§ 19-12-206. Issuance of additional Tobacco Settlement Revenue Bonds by Arkansas Development Finance Authority
(a) If revenues in the Tobacco Settlement Debt Service Fund are sufficient to meet Debt Services Requirements with regard to additional Tobacco Settlement Revenue Bonds that may be issued in connection with the capital improvement project described in § 19-12-204, then the Arkansas Development Finance Authority shall issue additional Tobacco Settlement Revenue Bonds in accordance […]
§ 19-12-105. Creation and administration of Tobacco Settlement Debt Service Fund
(a) There is hereby created and established a fund, designated as a cash fund and held separate and apart from the State Treasury, to be known as the “Tobacco Settlement Debt Service Fund”, which Fund shall be administered by the State Board of Finance. All moneys deposited into the Tobacco Settlement Debt Service Fund are […]
§ 19-12-202. Legislative findings, intent, and purpose
(a) The General Assembly finds that: (1) Cancer is one of the leading health problems and causes of death in the state; (2) There is an immediate need for additional facilities to support research in the cause, treatment, and prevention of various types of cancer; (3) Because the Arkansas Cancer Research Center of the University […]
§ 19-12-106. Issuance of tobacco settlement revenue bonds by Arkansas Development Finance Authority
(a) The Arkansas Development Finance Authority (“ADFA”) is hereby directed and authorized to issue Tobacco Settlement Revenue Bonds, the proceeds of which are to be used for financing the Capital Improvement Projects described in § 19-12-106(b). The Bonds may be issued in series from time to time, and shall be special obligations only of ADFA, […]
§ 19-12-107. Creation and administration of Arkansas Healthy Century Trust Fund
(a) There is hereby created and established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State, a trust fund, to be created as a public trust for the benefit of the State of Arkansas, to be known as the “Arkansas Healthy Century Trust Fund”, […]
§ 19-12-108. Creation and administration of the Tobacco Settlement Program Fund
(a) There is hereby created and established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Tobacco Settlement Program Fund”, which fund shall be administered by the State Board of Finance. All moneys deposited into the […]
§ 19-12-109. Creation of Prevention and Cessation Program Account
(a) There is hereby created a trust fund on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State within the Tobacco Settlement Program Fund maintained by the State Board of Finance, an account to be known as the “Prevention and Cessation Program Account”. The account […]